1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Faurecia SE
  6. News
  7. Summary
    EO   FR0000121147


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Faurecia : What people really think about eco-design and cars…..

01/17/2022 EDT
Cockpit of the Future
What people really think about eco-design and cars…..
A Faurecia study explores global consumer expectations for environmentally responsible solutions in the vehicle interior
Choix du type de champs

Mobility has a significant societal and environmental impact. And it's a topic that consumers are increasingly thinking about. Faurecia set out to explore attitudes to sustainability - lifestyle, mobility, vehicle features - to inform the ways we design, make, distribute, and recycle our products.

In 2021 we conducted a large-scale study to evaluate consumer interest in the topic of sustainable mobility and eco-design in vehicles. Over 6000 individuals were interviewed through an online survey across four countries: USA, France, Germany and China*. It's an example of Faurecia's user-centered approach - seeking consumer insight to shape solutions around what users want and need, led by our Consumer Intelligence and User Experience team.

Sustainable mobility is perceived as key to adopting a more sustainable lifestyle

Changing the way we travel or commute is seen as important as adapting consumption habits to adopt a more sustainable lifestyle. At least two out of three respondents globally placed changing mobility habits in their top 3 priorities. This was even stronger in China, where respondents put it as a top priority.

While people recognize the need to change, their willingness to act on this, such as switching to other mobility solutions, varies. Western drivers are not yet ready to give up personal car use and ownership. Respondents in China were more willing to give up use of a personal car, probably reflecting more widespread use of ride-sharing, but less open to the idea of buying a used car. 89% of respondents in China have never bought a second-hand car.

Eco-design is an essential aspect for a more responsible car

The vehicle's engine is no longer the primary feature that makes cars more environmentally responsible in the eyes of consumers. Eco-design is at least as important.

In our study we defined eco-design as how car manufacturers are working to make car interiors more environmentally responsible - using locally produced materials, recycled and/or recyclable materials, more natural materials or even air conditioning technologies and systems which consume less energy. Other elements that contribute to eco-design include manufacturing vehicles with low emission materials and the ability to repair or refurbish to extend life.

Ready to change but no concessions on security and comfort

Respondents showed differing levels of motivation to adopt a more sustainable mobility.

Globally, more were ready to make changes than not: 26% ready to make a lot of effort, 18% some efforts and 9% a financial effort only. Respondents in Germany showed willingness above the global average (27% vs 18%) to make some efforts, and in China almost 1 in 4 of respondents were ready to make a financial effort only.

Today, the ecological footprint of a vehicle is rarely in the top five criteria for choosing a car, and is far behind the criteria of price, safety, reliability or comfort. We explored what concessions people are prepared to accept to acquire a more environmentally responsible car. Globally respondents all showed they are not ready to compromise on safety, shorter lifespan or comfort. However, the trade-off is not the same for each country.

At least 6 out of 10 Western drivers are willing to make concessions on trendiness, design and power. For example a less luxurious passenger compartment, fewer electronic features, smaller or fewer screens. In China, respondents are less willing to make concessions on these dimensions but more willing to pay more for an environmentally friendly car.

The challenge: making eco-design accessible and affordable

Consumers recognize their individual role in making an environmentally responsible choice, alongside the part played by authorities through regulations. However, they primarily count on OEMs to lead the way. At least two thirds of respondents felt that eco-design should not be an option but a manufacturing standard on all cars, and included in the price of a vehicle. This rose to 81% of people surveyed in France.

Economic arguments, such as proof of savings during use and price, are the most effective means to convince people in France, Germany and the USA to buy an eco-designed car. In China, regulations enforced by authorities as well as the physical experience inside the vehicle interior (for example, the feel of materials, the smell of the passenger compartment, the noise of the engine, etc.) were seen as most persuasive.

Faurecia and the sustainable cockpit

Faurecia addresses future mobility needs with safe, affordable and sustainable solutions that benefit our customers, consumers and the planet. Our approach is driven by a commitment to become CO2 neutral by 2030, focusing on three main levers: use less, use better, use longer. Eco-design is not new to the Group, and many breakthrough Faurecia innovations have introduced sustainable materials, lightweight parts and energy-saving technologies that help reduce a vehicle's ecological footprint. In 2021 examples of our contributions to a more sustainable cockpit include

  • Use less: industry partnership for sustainable design and circular economy
    Faurecia, with Renault, the French Atomic Energy Commission (CEA) and MTB Recycling, created the DECORE (DEcarbonation, COckpit, REcycling/REconditioning) project to decarbonize vehicles of the future through technologies that emit less CO2, are more sustainable, and which increase vehicle lifetime through retrofit and refurbishment. Backed by over €10m of government financing to develop circular economy approaches, DECORE will by 2030 provide cockpits designed with 40% recycled materials and with -85% CO2 impact.
  • Use better: fossil-free steel
    Steel represents around 40% of Faurecia's CO2 emissions for its controlled scopes. Partnering with Swedish steel maker SSAB, we will be the first to develop and equip ultra-low CO2 seat structures with fossil-free steel by 2026.
  • Use longer: electronics repair
    Faurecia offers a multi-brand repair service throughout Europe for a wide range of components including monitors, infotainment, engine and body control units, and instrument panels. By refurbishing, repairing and replacing electronic components, we can reduce their carbon footprint by up to 85%.

* Survey conducted by Harris Interactive in August 2021. Representative sample of car private users and frequent shared or rental cars users in 4 countries : France, Germany, USA and China Tier 1, Beijing, Shanghai, Guangzhou/Foshan and Shenzhen. (6248 interviews, at least 1500 per country)

Image vignette avec filtre (liste Newsroom)


Faurecia SA published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 16:02:02 UTC.

© Publicnow 2022
All news about FAURECIA SE
05/11Combined General Meeting of June 1st, 2022 - Availability of preparatory documents
05/11Combined General Meeting of June 1st, 2022 - Availability of preparatory documents
05/09Global Auto Parts Makers Resume Work in Shanghai Despite Lockdown
05/03Faurecia and Veolia Sign Cooperation and Research Agreement to Jointly Develop Innovati..
05/03Faurecia, Veolia Partner to Use Recycled Plastics Inside Cars
05/03Veolia and Faurecia partner on recycled materials for car interiors
05/02Extraordinary General Meeting of HELLA GmbH & Co. KGaA resolves change of fiscal year
04/29FAURECIA : inaugurates new Technology & Customer Center in Hanover
04/28Faurecia-Aptoide signs up Mercedes in infotainment win over Google
04/28FAURECIA SE : 1st quarter earnings
More news
Analyst Recommendations on FAURECIA SE
More recommendations
Sales 2022 23 525 M 24 818 M 24 818 M
Net income 2022 284 M 299 M 299 M
Net Debt 2022 8 087 M 8 531 M 8 531 M
P/E ratio 2022 15,5x
Yield 2022 3,52%
Capitalization 3 506 M 3 699 M 3 699 M
EV / Sales 2022 0,49x
EV / Sales 2023 0,40x
Nbr of Employees 111 140
Free-Float 95,3%
Duration : Period :
Faurecia SE Technical Analysis Chart | EO | FR0000121147 | MarketScreener
Technical analysis trends FAURECIA SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 18
Last Close Price 23,14 €
Average target price 40,62 €
Spread / Average Target 75,5%
EPS Revisions
Managers and Directors
Patrick Koller Chief Executive Officer & Director
Michel Favre Group Chief Financial Officer & Executive VP
Michel de Rosen Chairman
Christophe Schmitt Executive Vice-President-Group Operations
Odile Desforges Independent Director
Sector and Competitors
1st jan.Capi. (M$)
FAURECIA SE-44.68%3 699
APTIV PLC-43.27%25 354
WEICHAI POWER CO., LTD.-25.43%14 716
HYUNDAI MOBIS CO.,LTD-20.43%14 480